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Fri 27 Sep 2002, 16:27 Falcon Investment Holdings Societe Anonyme - Renew
FALCON INVESTMENT HOLDINGS SOCIETE ANONYME - RENEWAL OF CAUTIONARY              
FALCON INVESTMENT HOLDINGS SOCIETE ANONYME                                      
(Incorporated in Luxembourg - R.C. Number B39773)                               
Share code: FLC         ISIN number: LU0042254812                               
("the Company")                                                                 
RENEWAL OF CAUTIONARY                                                           
Further to the cautionary announcements dated, 18 June 2002, 25 June 2002 and 12
August 2002, where reference was made to the cautionary announcement released by
the Company`s subsidiary Falcon Gold Zimbabwe Limited on the 5 March 2002,      
shareholders are now advised that the following announcement has now been       
released:                                                                       
"    FALCON GOLD ZIMBABWE LIMITED                                               
CAUTIONARY STATEMENT                                                            
In previous Cautionary Statements, shareholders have been advised that certain  
negotiations were in progress which, if successfully concluded, could impact    
upon their interests in the company.  Shareholders were further advised that a  
comprehensive statement would be released as soon as requisite consents of      
regulatory authorities were to hand, and were advised to exercise caution in any
dealings in the company`s shares until that comprehensive statement could be    
published.                                                                      
The aforesaid regulatory authority consents are not yet to hand, and            
shareholders are therefore yet again advised to exercise caution in dealings in 
the company`s shares.  A further announcement will be made at the earliest      
possible date.                                                                  
The company notes that although relatively minimal in number, certain shares    
have been traded in recent weeks at prices markedly higher than prevailed prior 
to the company`s issue of Cautionary Statements.  The Directors are unaware of  
any circumstance, which merits the increase in share price to the extent        
currently occurring. "                                                          
In light of the above, shareholders in Falcon Investment Holdings S.A. are      
advised to continue to exercise caution and consult their professional advisors 
when dealing in the company`s shares.                                           
27th September 2002                                                             
City Group P.L.C.                                                               
Group Secretaries                                                               
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 27/09/2002 04:00:00 PM Produced by the JSE SENS Department
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